Show Costumes Limited

Show Costumes Limited is a small, active company from Watford, UK, founded fifteen years ago in 2010. It employs just two people and holds £26,380 in assets, operating from a virtual address shared by fifteen other companies. The business, owned and directed by Towers Gary and Towers Wendy, is a family affair and runs an e-commerce site selling dance costumes. It regularly imports clothing and accessories made by knitting or crocheting, with four months of import activity recorded.

The company’s website showcases a vast collection of dance costumes for various genres, including ballet, jazz, and hip-hop, and even offers wholesale accounts. It's clear that the business is focused on performance dance costumes, with a significant portion of its website dedicated to showcasing its offerings and providing sizing guides. The site also emphasizes quick shipping, although it doesn’t ship to the US or Canada.

Financially, Show Costumes Limited is facing some headwinds. Current assets have fallen significantly, dropping 44% to £26,000. Bank borrowings have also decreased, falling 14% to £17,000. However, net assets have plummeted 510%, resulting in a negative balance of -£9,000. Creditors have decreased by 14%, which could be a positive sign, but the large drop in equity is concerning. Cash reserves have also fallen drastically, decreasing 85% to just £2,400. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it avoids an audit, relying on unaudited financial statements. The decrease in trade debtors is a good sign, but the company needs to address its negative equity to ensure long-term stability.

Registered in England/Wales under the registration number 07228034, with a registered address at WD24 7ND, England, Watford, 3a The Wenta Business Centre, Colne Way.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.